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Taming trade-based money laundering
Multi-agency frameworks, shared intelligence platforms, and harmonised investigations could significantly reduce information gaps exploited by criminals.
Trade-based money laundering (TBML) is rapidly emerging as one of the most complex and least understood threats to financial integrity in developing economies, particularly in trade-driven hubs such as Kenya.
Unlike conventional money laundering, which relies on cash transactions or financial system layering, TBML exploits the international trade system by manipulating invoices, quantities and pricing of goods to disguise illicit financial flows.
